Gayatri Projects, Jayshree Tea, Kale Consultants get FDI nod
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Gayatri Projects has received government approval to raise 100 million rupees for various projects through issue of warrants overseas, a government statement said on Tuesday.
India approved 21 foreign direct investment proposals worth about 10.27 billion rupees while rejecting nine, it said.
It also approved a proposal by private lender Dhanlaxmi Bank for 55 million rupees to increase foreign investment to 74 percent from 49 percent now.
Jayshree Tea has also received approval to raise 600 million rupees, it said, adding, unlisted Lokmat Media's proposal to raise 138.2 million through share sale was approved.
It also approved Kale Consultants' proposal to raise 975.1 million rupees through issue of warrants.
A proposal by logistics firm Arshiya International to issue warrants was rejected, it added.
(Reporting by Swati Pandey; Editing by Sunil Nair)
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